CACEIS has completed the merger of its France-based issuer services subsidiaries into one entity - CACEIS Corporate Trust.

CACEIS has completed the merger of its France-based issuer services subsidiaries into one entity - CACEIS Corporate Trust.

CACEIS announced its intention to merge Euro Emetteurs Finance (EEF) and CACEIS Corporate Trust (formerly Crédit Agricole Investor Services Corporate Trust) when it was first created in 2005. The move consolidates all activities related to issuer services, fund administration and depository & custodial services, into a unified structure, and CACEIS intends to complete the merger of other French subsidiaries in the course of 2006.

'This merger reinforces our front-ranking positions in the area of issuer services with a market share ofmore than 25 per cent,' says Sylvie AchinGruot, Chairwoman of the Management Board of CACEIS Corporate Trust. 'It enables us to expand our offering thanks to the know-how and commitment of our employees, the creation of a stronger sales team and a unified information system.'

CACEIS Corporate Trust's Management Board comprises AchinGruot (Chairwoman), Daniel Pascaud (General Manager) and Jean Pierre Carrafang (Management Board member).

The creation of CACEIS Corporate Trust
On December 20, 2005, Crédit Agricole Investor Services Corporate Trust changed its corporate name to CACEIS Corporate Trust, a wholly-owned CACEIS subsidiary governed by a Management Board and a Supervisory Board.
The legal merger between Euro Emetteurs Finance and CACEIS Corporate Trust was finalized on February 28, 2006.

A leading player in issuer services in France
With its staff of 180 employees, CACEIS Corporate Trust offers a comprehensive range of services for issuers: register keeping, financial services, centralization of securities transactions, management and subcontracting of stock option plans and the management of annual general meetings.

CACEIS Corporate Trust supports, in particular, the development of employee share ownership and boasts considerable know-how in the following areas:

• The management of stock option plans and distribution of bonus issues:
• Subcontracting services for stock option plans
  

CACEIS Corporate Trust also provides services in the management of annual general meetings (organization of 700 shareholders' and bondholders' meetings in 2005) and has developed expertise in electronic voting systems.

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